Short-term impact on EPF following withdrawals, not long term, says Deputy Finance Minister I


KUALA LUMPUR: There will be a short term impact on the Employees Provident Fund (EPF) following the withdrawal of some RM63bil by contributors, says Deputy Finance Minister I Datuk Mohd Shahar Abdullah.

"There will surely be some impact as EPF will have to prepare RM63bil to facilitate the withdrawals.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

No to violence: Faisal Halim discharged from hospital, to continue treatment at home
Domestic Trade Ministry seizes 7,000 litres of diesel in Gopeng
Gig Workers Commission to be tabled in next Parliament session, says Anwar (Poll Inside)
Five Mobile Rural Community Centre programmes to be implemented in 2024, says Rural and Regional Deputy Minister
Second 3m long crocodile captured in Kota Kinabalu’s public park
Ethics the shining pillar of journalism, says Fahmi
Lam Thye lauds proposed new law to decriminalise substance abuse
Ahmad Zahid tells M'sian students to make best use of China stay
Papua New Guinea landslide: No Malaysians affected so far, says Wisma Putra
Senior citizen feared drowned in Segamat river

Others Also Read